News
UK - CVM sells interest in Applecroft Care
Close Venture Management (CVM) has sold its interests in Applecroft Care Home Ltd in Dover, Kent and Barleycroft Care Home Limited in Romford, Essex, to its partner in the investments.
SWEDEN - VC-backed Appear Networks opens offices in the Netherlands
Appear Networks has today announced the opening of an office in Utrecht in the Netherlands. Its new recruits will be focusing on the Dutch market, deploying Appear IQ to 10,000 mobile frontliners at Dutch Rail.
UK - Katalyst leads funding round for SI Seafarms Ltd
Katalyst Ventures, the private investor group, has led a £633,000 funding round for SI Seafarms Limited (SIS).
UK - Robin Winning joins Bank of Scotland Integrated Finance
Bank of Scotland Integrated Finance has appointed Robin Winning to the role of director of integrated finance, based in London. He joins as a senior member of the Bishopsgate-based team led by Mark Hammond.
UK - Inflexion appoints chairman for Red Commerce
Inflexion has announced the appointment of Andrew Vaughan as chairman of its portfolio company Red Commerce Ltd.
UK - Private equity realises £40bn, says CMBOR research
Statistics on private equity exits from the Centre for Management Buyout Research (CMBOR) suggests that there has been a huge leap in refinancing levels to £19bn as private equity houses seek to realise the returns in their investments. When added to...
UK/GERMANY - Commerzbank strengthens leveraged finance unit
Commerzbank Corporates and Markets (CBCM) has today announced five new appointments to its leveraged finance group in London and Frankfurt.
UK - Bhargava heads 3i’s new focus on outsourcing
3i has appointed Akshaya Bhargava to head up its new focus on the global business process outsourcing (BPO) market.
FRANCE - Banexi, Demeter and Naxicap back Paprec MBO
Paprec has restructured its capital framework and reinforced its financial capacity during a management buyout backed by Banexi Capital Partenaires, Demeter Partners and Naxicap Partners. The equity houses comitted a total of EUR 35m in this MBO. Previous...
UK - North West Equity Fund backs Indi.Jo
North West Equity Fund NWEF has provided £50,000 of development finance to Indi.Jo Limited to support increased sales activity. This investment is the first tranche of a proposed total investment of £350,000.
FRANCE - Banexi, Naxicap and BNP Paribas back D'Haussy's
Groupe Eppe has sold D'Haussy to a syndicate of investors composed of Banexi Capital Partenaires, Naxicap Partners and BNP Paribas Développement, with management retaining a 12% stake.
FRANCE - Banexi Capital Partenaires takes majority stake in Numalliance
Banexi Capital Partenaires has invested from its fund Middle Market Fund III to take a majority stake in Numalliance
UK - Seven Hills Venture Partners appoints non-executive chairman
Seven Hills Venture Partners, the Edinburgh-based life sciences development company, has appointed Jeremy Delmar-Morgan as non-executive chairman.
DENMARK - Agillic secures DKK 38m funding
Amadeus has led a DKK 38m first round of funding in Danish Agillic Aps. Vækstfonden and Mike Frayne also participated in the round.
GERMANY - Peter Schwanitz appointed managing director of VCM.
Peter Schwanitz, has been appointed as managing director of VCM Capital Management, Germany’s longest-established fund-of-funds management group for venture capital, mezzanine and buyout investments. He will be responsible for the group’s buyout segment,...
NORWAY - Northzone's Owera to deliver system to Telenor
Owera has announced that it will be entering into an agreement with Telenor to upgrade their existing provisioning system, xAPS. Once improved, the system will include TR-069, a new and advancing protocol for provisioning.
UK - Rutland floats H&T on AIM
Rutland Partners has realised its investment in H&T Group Ltd for cash through an AIM listing. The enterprise value of H&T on flotation is £91.9m and the market capitalisation is £54.2m. The proceeds received by Rutland, after costs and management’s...
UK - Apax and Permira to refinance New Look?
The Sunday Times reports that Apax Partners and Permira are likely to enjoy a £350m windfall in a refinancing of New Look, the retailer in which they own a controlling stake.
UK - Advent-backed Sport Five in line for £480m sale
Weekend press reports suggest that the sports agency handling the distribution of television rights to the Euro 2008 football tournament is to be sold for up to £480m.
NL- Petroplus to consider listing
Carlyle-owned Petroplus is reportedly considering a flotation that could see the oil company valued at around £500m.
UK - Challenge Fund invests in cancer research
Sentinel Oncology has received a financial boost from the Challenge Fund Trading Company, part of Cambridge Enterprise Seed Funds (CESF).
SWITZERLAND - GLSV enlarges investment team
Global Life Science Ventures has announced the further strengthening of its investment team. Dr Stephen McCormack has joined the company as principal, with Dr Kuno Jung as investment manager.
NETHERLANDS - Valcon raises bid for VNU
Valcon Acquisition BV, has raised its bid for Dutch media giant VNU NV to EUR 29.50 per share in an effort to overcome shareholder resistance to the deal.
SWEDEN - Industri Kapital reduces shareholding in Oriflame Cosmetics
Industri Kapital has sold 4.3 million Swedish Depositary Reciepts (SDRs) in Oriflame Cosmetics SA at an approximate price of SEK 280 per SDR. The shares, which represented 7.2% of the company, were sold primarily to Swedish and international institutional...